Investment Awareness PART 2
Rajarambapu Institute of Technology, Rajaramnagar Department of Management Studies (MBA) Finance Club Blog No. 19 __________________________________________________________________________________ In India the financial system has been developing rapidly in the last two decades and the proportion of financial investment has been growing. Thus, savings in the financial form of the household sector has increased from around 30% in the 1950s to 45% to 55% in recent years. The Domestic Savings of the household sector have seen a considerable increase from Rs 24,74,913 crore in 2015-16 to Rs 34,46,760 crore in 2018-19 . The Gross Financial Savings during 2015-16, 2016-17, 2017-18 & 2018-19 were Rs 14,96,232 crore, Rs 16,14,677 crore, Rs 20,61,033 crore & Rs 19,95,706 crore. As the proportion of GDP total savings of household sector in financial form is about 12% of GDP during 2001 to 2006. In the ...